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Call it a stretch, but the future of AI is the metaverse. The metaverse is already powered by data centers, the cloud, and AI, and that relationship will only intensify. The metaverse is a persistent digital world that AI will help unlock, and the benefits will go both ways. As AI and the metaverse advance, 3-D visualization, computer vision, and the IoT will advance along with them. Eventually, users will be able to enter the metaverse, manipulate objects or information, and create real-world outcomes as a matter of course. These are three technology stocks well-positioned to benefit that aren’t Roblox NYSE: RBLX. 
Get Symbotic alerts:Sign UpMeta Platforms Goes Virtual with Reality
Meta Platforms NASDAQ: META is leaning into virtual reality with its Quest VR headsets. The headsets provide a mixed-reality environment where users can connect to the Internet, play games, and interact with features like workout sessions. The technology is limited now, but the number of apps and features is expanding regularly. Among the noteworthy apps the headset supports is Roblox, another leader in advancing metaverse technology. Meta Platforms has also partnered with Ray-Ban to bring VR connectivity to fashion. The Ray-Ban Meta Smart Glasses can connect to the Internet and take pictures and videos, and users benefit from Meta’s AI voice-activated AI assistance. 
$502.11 -0.49 (-0.10%) (As of 09:46 AM ET)52-Week Range$265.33▼$531.49Dividend Yield0.40%P/E Ratio28.84Price Target$510.41
Analysts are optimistic about Meta’s AI prospects with or without the metaverse. Raymond James recently upped its price target, citing the company’s growing importance in AI infrastructure. Meta plans to host more than 600,000 GPUs by the end of the year, with more than half of them H100s. This sets the company up to enter the enterprise software market, expand its addressable market, and boost revenue by as much as $40 billion or 25% from 2024 levels. Raymond James raised its price target to $550 and the high-end of the target range. The consensus assumes a 3% upside and is trending higher; RJs $550 is about 10% above the current action and a new all-time high when reached. 

Symbotic is Automating Warehouses: Technology Will be Expanded
Symbotic NASDAQ: SYM is now focused on automating warehouses, but its technology is advancing rapidly and will be applied to other industries. Among the possible applications are automated building and road construction. The takeaway is that Symbotic is advancing AI, computer vision, and IoT functionality with autonomous robots working together. It’s a natural progression for this technology to move into the virtual or mixed reality world and for users to manipulate the system and even individual robots as if they were the brain. 
$36.93 -0.79 (-2.09%) (As of 09:38 AM ET)52-Week Range$29.62▼$64.14Price Target$55.69
Symbotic’s business is assured. The company’s leading clients are Walmart, Amazon, and Albertson’s; the backlog is growing. The latest results included 60% top-line growth and a wider margin, leading the analysts to raise their price targets. The revision trend is robust and suggests a deep value for investors. The consensus estimate reported by Marketbeat.com is up 100% in the last twelve months and offers a 50% upside while the stock trades below the low end of the range. 

Apple is Advancing Virtual Reality With the Vision Pro
Apple NASDAQ: AAPL may be late in coming to the AI game, but it is not late to VR. The company has been working on this technology for years, and its launch of the Vision headset in 2023 was hailed as a watershed moment. The voice and sight-activated headset connects to the Internet and displays content overlapping the physical environment. Users can engage with the Internet and Apple’s ecosystem of products to enjoy a fully immersive experience without completely disengaging from reality. The WWDC is expected to bring numerous new products and research to light. 
$197.83 +4.71 (+2.44%) (As of 09:46 AM ET)52-Week Range$164.07▼$199.62Dividend Yield0.51%P/E Ratio30.77Price Target$205.59
The stock is poised to set a new high and could do so this week. The analysts began lifting their targets again, leading the market to the $250 range, or about 25% above the current action. Because AI is expected to boost Apple sales and profits over the next five years, the trend in analysts’ sentiment is likely to continue driving this market
Before you consider Symbotic, you’ll want to hear this.While Symbotic currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. Get This Free Report

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